31,141 People Have Invested an Average of $1,207!

Accountant's Minute 203

The Crowd Sourced Funding Equity Raising Scorecard produced by ESS BIZTOOLS as at 31 July 2019 has identified that 31,141 investors have invested an average of $1,207 in the 44 companies that have raised $37,586,246.  (Click here to view the Scorecard)

This uptake indicates that after a slow start Crowd Sourced Funding Equity Raising is starting to raise much needed capital for Small Businesses and Medium Sized Enterprises all over Australia.

Mr Robin Holt, Senior Campaign Manager of Melbourne based Crowd Sourced Funding Intermediary – Birchal Financial Services has indicated that he was in the United Kingdom when the equivalent of Crowd Sourced Funding Equity Raising commenced and has stated that it took two years for the market to take off to the significant level of investment that is now evident in the UK.

To raise capital as a Crowd Sourced Funding Equity Raising Company the company has to “get its house in order” relative to the preparation of:

  • Business Plan;
  • Budgets and Cash Flow Forecast;
  • Company valuation;
  • Share Price Determination;
  • Identification of the Company’s Vision;
  • and other documentation that will be necessary to enable the preparation of the Crowd Sourced Funding Offer Document.

The Directors will also need a detailed overview of the Crowd Sourced Funding Equity Raising processes and an introduction to the concept of Crowd Sourced Funding Intermediaries especially their duties, responsibilities and powers.

Very few companies will be able to undertake this work without input from an Accountant/Business Advisor.

The Crowd Sourced Funding Equity Raising Scorecard summary indicates that six of the ASIC appointed Intermediaries have yet to assist any companies to raise capital whilst four other Intermediaries have raised relatively small amounts when compared to the market leaders.

This highlights that the Crowd Sourced Funding Intermediaries are seeking more “quality deal flow” to present to their potential investors.  Unfortunately, a large number of small business operators and directors of medium sized enterprises do not have an awareness of how Crowd Sourced Funding Equity Raising operates – yet many of these entities could probably be presented as “quality companies” seeking to raise capital.

As the “Trusted Advisors” to Small Businesses and Medium Sized Enterprises, accountants/business advisors are in a unique position to be able to discuss the benefits of Crowd Sourced Funding Equity Raising and the processes to clients to give them an informed overview of how Crowd Sourced Funding Equity Raising may be able to assist them in financing their business operations.

ESS BIZTOOLS has produced a unique “Crowd Sourced Funding Equity Raising Product Package” to assist Accountants/Business Advisors to offer professional advice to your clients to assist them on this capital raising journey which will be a novel experience for most of them.

You are invited to visit www.essbiztools.com.au/crowd sourced funding/learn more to gain an insight into the type of support services that are available to assist you to get experience in this new market opportunity for Small Businesses and Medium Sized Enterprises to raise capital thus avoiding attempting to borrow money and at the same time developing new income streams for accountancy/business advisory businesses.

We are presenting a webinar examining the role that accountants/business advisors can play in “Assisting Clients to Investment Readiness” on Tuesday, 13 August 2019 at 2.30pm AEST.  To register please click here.

If you have any questions on any aspect of Crowd Sourced Funding Equity Raising or any of the other 23 product packages that ESS BIZTOOLS has produced to assist Accountants/Business Advisors deliver a broader range of value adding commercial services for your clients/prospects please do not hesitate to contact us.

Click here if you wish to learn more about Crowd Sourced Funding Equity Raising or go to our website:

www.essbiztools.com.au/crowd sourced funding/ learn more.

If you have any question on any aspect of the services provided by ESS BIZTOOLS, please do not hesitate to contact us.

Come to our website to see our “40% Discount Promotion” for the month of August 2019.

Have a great day!

Peter Towers

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31,141 People Have Invested an Average of $1,207!

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